Abatement from retail sale price permits reduced assessable value for footwear under Central Excise notification effective September. The Central Government, exercising statutory power under the Central Excise framework, allows a 50% abatement on the retail sale price to determine the assessable value of footwear within the specified tariff heading; the allowance is effected by notification and comes into force on the first day of September following issuance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Abatement from retail sale price permits reduced assessable value for footwear under Central Excise notification effective September.
The Central Government, exercising statutory power under the Central Excise framework, allows a 50% abatement on the retail sale price to determine the assessable value of footwear within the specified tariff heading; the allowance is effected by notification and comes into force on the first day of September following issuance.
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